American Century Companies Inc. Reduces Position in Wabash National Corporation $WNC

Key Points

• American Century Companies Inc. reduced its stake in Wabash National Corporation by 26.6%, now holding approximately $9.43 million worth of shares.
• Institutional ownership of Wabash National is high, with 97.05% of the stock owned by various hedge funds and institutional investors.
• Analysts have mixed views on Wabash National, with a consensus rating of "Hold" and a recent price target increase from $7.50 to $9.50.

American Century Companies Inc. reduced its holdings in Wabash National Corporation (NYSE:WNC - Free Report) by 26.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 852,902 shares of the company's stock after selling 308,347 shares during the period. American Century Companies Inc. owned about 2.04% of Wabash National worth $9,425,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. D.A. Davidson & CO. purchased a new stake in shares of Wabash National in the 1st quarter valued at $333,000. GAMMA Investing LLC boosted its holdings in shares of Wabash National by 982.1% in the 1st quarter. GAMMA Investing LLC now owns 7,683 shares of the company's stock valued at $85,000 after acquiring an additional 6,973 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Wabash National by 69.9% in the 1st quarter. Allianz Asset Management GmbH now owns 192,398 shares of the company's stock valued at $2,126,000 after acquiring an additional 79,186 shares during the last quarter. VELA Investment Management LLC purchased a new stake in shares of Wabash National in the 1st quarter valued at $1,420,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Wabash National in the 1st quarter valued at $671,000. 97.05% of the stock is owned by hedge funds and other institutional investors.

Wabash National Stock Performance

Shares of WNC traded down $0.06 during trading hours on Friday, hitting $11.07. The stock had a trading volume of 483,037 shares, compared to its average volume of 638,799. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.00 and a current ratio of 1.68. The firm has a 50-day moving average price of $10.57 and a 200 day moving average price of $10.36. Wabash National Corporation has a fifty-two week low of $6.78 and a fifty-two week high of $20.63. The firm has a market capitalization of $453.33 million, a price-to-earnings ratio of -4.58 and a beta of 1.65.

Wabash National (NYSE:WNC - Get Free Report) last posted its earnings results on Friday, July 25th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.16. The firm had revenue of $458.82 million during the quarter, compared to analysts' expectations of $435.75 million. Wabash National had a negative net margin of 6.38% and a negative return on equity of 7.91%. The business's revenue was down 16.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 EPS. Wabash National has set its FY 2025 guidance at -1.300--1.000 EPS. Q3 2025 guidance at -0.300--0.200 EPS. As a group, research analysts anticipate that Wabash National Corporation will post 0.94 EPS for the current year.

Wabash National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, October 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 2.9%. Wabash National's dividend payout ratio is currently -13.22%.

Analyst Upgrades and Downgrades

Separately, DA Davidson upped their price objective on shares of Wabash National from $7.50 to $9.50 and gave the company a "neutral" rating in a report on Monday, June 23rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $9.50.

About Wabash National

Wabash National Corporation provides connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.